Hastert loses one Illinois pension, keeps another after sentencing – Reuters

The state Teachers’ Retirement System moved swiftly after Hastert’s sentencing by ending his $16,622-a-year annuity from 16 years of teaching in a far western suburb of Chicago, where the sexual abuse to which he admitted occurred. But Hastert will not lose his $28,025 annual pension from his six years as a member of the Illinois House of Representatives.

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The Confiscation Continues: New Study Shows Illinois Property Tax Over 2X National Average, Highest in U.S. – WP Original

  By: Mark Glennon*   CoreLogic, a California-based financial data firm, today released its analysis showing average Illinois property taxes of 2.67%, over twice the national average of 1.31%. Illinois is the highest in the nation.   Even those averages disguise the personal tragedy inflicted on hundreds of thousands of families whose rates far exceed that, robbing those owners of their home equity. We looked in detail in November at those averages for Chicago’s south suburbs, where average rates exceed a suicidal 5% per year. Plenty of other Chicago area suburbs are just as bad, as we detailed in a

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Bill Would End IMRF Abuse – Alton Daily News

High-level municipal workers are taking advantage of taxpayer-funded pensions. Public-sector workers across Illinois are able to spike their pay shortly before they retire. Comment: Another IMRF absurdity is the savings account offered to members on which taxpayers must guaranty a 7.5% return. See details linked here.

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George Will on Illinois, Puerto Rico and Bankruptcy

“America actually needs to have a salutary crisis in Illinois. It will be salutary because it will be a cautionary example for other states if Illinois suffers, without offloading pain on taxpayers elsewhere, the severe consequences of decades of ruinous choices.” Comment: Illinois will soon be “begging” for bankruptcy authorization, he says. Same word we used for what will come for CPS and other muncipalities, including Chicago. Sadly, he’s probably right about the state, too.

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About that teachers contract: 10 years is a long time, Palatine – Chicago Tribune

“Here’s a novel idea: Draw up the contract, dot the i’s and cross the t’s, then release it to the public before voting. “State Rep. Jeanne Ives, R-Wheaton, has introduced bills in Springfield that would require governments and taxing bodies to post online copies of draft contracts as soon as the two sides reach an agreement — before a contract is voted up or down. Sunlight would give taxpayers a chance to weigh in on the costs they eventually would shoulder.

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AFSCME impasse hearings: Understanding the timeline, process and potential outcomes – Illinois Policy

Given AFSCME’s and the Rauner administration’s disagreement on core contract issues – such as wage freezes and merit pay – and the likely appeal of any impasse decision reached by the administrative law judge, a final determination on whether AFSCME and the Rauner administration have reached impasse will probably not come until well into the summer – or beyond.

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